Canada - Diamonds And Other Precious Stones (Unworked) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDiamond Prices in Canada Jump 10%, Averaging $592K per kg
Canada Diamond Export Price in October 2022
In October 2022, the diamond price amounted to $592K per kg (FOB, Canada), increasing by 10% against the previous month. Overall, export price indicated a slight increase from October 2021 to October 2022: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, diamond export price decreased by -9.0% against August 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 29% m-o-m. Over the period under review, the average export prices hit record highs at $739 thousand per kg in April 2022; however, from May 2022 to October 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($666 thousand per kg), while the average price for exports to India ($287 thousand per kg) was amongst the lowest.
From October 2021 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Oct 2021 | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thousand USD Per Kg | |||||||||||||
| Belgium | 0.6 | 0.6 | 0.5 | 0.7 | 0.8 | 0.8 | 1.0 | 0.7 | 0.5 | 0.6 | 0.8 | 0.6 | 0.7 |
| Average | 0.5 | 0.6 | 0.4 | 0.6 | 0.7 | 0.7 | 0.7 | 0.6 | 0.4 | 0.5 | 0.7 | 0.5 | 0.6 |
| India | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.9 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Botswana | 0.4 | N/A | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | N/A | 0.5 | 0.5 | 0.6 | 0.4 |
Canada Diamond Exports
In October 2022, overseas shipments of diamonds and other precious stones (unworked) increased by 32% to 321 kg for the first time since July 2022, thus ending a two-month declining trend. Over the period under review, exports, however, showed a slight reduction. The pace of growth was the most pronounced in July 2022 when exports increased by 242% against the previous month. The exports peaked at 370 kg in October 2021; however, from November 2021 to October 2022, the exports failed to regain momentum.
In value terms, diamond exports soared to $190M (IndexBox estimates) in October 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when exports increased by 308% against the previous month. Over the period under review, the exports reached the maximum at 202K tons in January 2022; however, from February 2022 to October 2022, the exports stood at a somewhat lower figure.
Canada Diamond Exports by Country
Belgium (228 kg) was the main destination for diamond exports from Canada, with a 71% share of total exports. Moreover, diamond exports to Belgium exceeded the volume sent to the second major destination, Botswana (62 kg), fourfold.
From October 2021 to October 2022, the average monthly rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Botswana (-2.3% per month) and India (-4.3% per month).
In value terms, Belgium ($152M) remains the key foreign market for diamond exports from Canada, comprising 80% of total exports. The second position in the ranking was held by Botswana ($26M), with a 14% share of total exports.
From October 2021 to October 2022, the average monthly rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Botswana (-1.8% per month) and India (-1.5% per month).
This report provides an in-depth analysis of the diamond market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08992100 - Precious and semi-precious stones (excluding industrial diamonds), unworked or simply sawn or roughly shaped
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
